Pearson returns to profit, PRH revenue up 'slightly'

Pearson has returned to profit a year after posting its biggest ever loss, at the same time as announcing it is putting its K12 school courseware business up for sale. Continue reading at 'The Bookseller'

[ The Bookseller | 2018-02-24 00:00:00 UTC ]

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Baltimore Sun looks to non-profit status to stay afloat amid coronavirus threat

Paper owned by Tribune has seen deep cuts to newsroomBaltimore-based group wants paper to become non-profitThe Baltimore Sun has just won the Pulitzer prize for local reporting, despite years of job cuts and as the coronavirus pandemic appears set to ravage the nation’s journalism sector even... Continue reading at The Guardian

[ The Guardian | 2020-05-12 10:00:08 UTC ]
More news stories like this | News stories tagged with: #baltimore sun #job cuts #zoom calls #pulitzer prize


‘Diversify your revenue streams, period’: IAB CEO Randall Rothenberg thinks relying on solely on advertising is ‘wrong’

The news publishing industry may be getting squeezed by the pandemic economy, but for Interactive Advertising Bureau CEO Randall Rothenberg, it set itself up for failure long ago, by leaning too heavily on advertiser revenue. "When the United States became a national marketplace in the mid to... Continue reading at Digiday

[ Digiday | 2020-05-12 04:00:00 UTC ]
More news stories like this | News stories tagged with: #digiday podcast #revenue streams #news publishing


Book Revenue Fell 21% in Q1 at LSC

Revenue in LSC Communications’ book group dropped 21.4% in the first quarter ended March 31, 2020, falling to $204 million. Lower demand for educational materials offset an increase in its trade business, the printer, which filed Chapter 11 in April, reported. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-05-12 04:00:00 UTC ]
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PRH Ups Digital Efforts in the Covid Era

Publishers are facing a new normal when it comes to their events businesses: digital or bust. At Penguin Random House, the efforts to pivot are manifold. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-05-08 04:00:00 UTC ]
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Macmillan Children's hires Pearson and Timms as publishing directors

Macmillan Children’s Books has appointed Egmont's Nicole Pearson and Little Tiger's Barry Timms to new publishing director roles in its expanding Preschool, Brands and Classics division. Continue reading at The Bookseller

[ The Bookseller | 2020-05-05 14:15:14 UTC ]
More news stories like this | News stories tagged with: #macmillan children #publishing directors #publishing director #macmillan #pearson


John Grisham Returns to Camino Island, This Time in Hurricane Season

In “Camino Winds,” a bookstore owner and two other characters team up to solve a murder and the mystery behind it. Continue reading at The New York Times

[ The New York Times | 2020-04-28 01:32:18 UTC ]
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Quarto Posts Profit in 2019, Outlook for 2020 Uncertain

The Quarto Group posted its first profit since 2016 last year, despite a sales decline. The financial forecast for 2020 is clouded by the impact of the Covid-19 pandemic, which has already led to "falling orders and revenues," the publisher said. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-24 04:00:00 UTC ]
More news stories like this | News stories tagged with: #sales decline #financial forecast #covid-19 pandemic #quarto


PRH launches virtual Penguin Talks series with Speakers for Schools

Penguin Random House has launched a collaboration with charity Speakers for Schools delivering a series of virtual educational events from its authors, streaming to thousands of students across the UK. Continue reading at The Bookseller

[ The Bookseller | 2020-04-23 20:41:22 UTC ]
More news stories like this | News stories tagged with: #penguin random house


Pearson down 5% in first quarter amid Covid-19 disruption

Pearson has reported it will pay its final dividend for 2019 to investors and is not furloughing any staff, despite a 5% fall in global revenues for the first quarter as a result of Covid-19. Continue reading at The Bookseller

[ The Bookseller | 2020-04-23 16:58:47 UTC ]
More news stories like this | News stories tagged with: #5% fall #global revenues #pearson


Improved profits for Quarto, as it warns of costs of Covid-19

Quarto warns of lower trading as a result of Covid-19, but highlights improved profits in its latest full-year Continue reading at The Bookseller

[ The Bookseller | 2020-04-23 08:44:01 UTC ]
More news stories like this | News stories tagged with: #quarto


Meredith Cuts Salaries, Expands Ad Guarantee to Make Up for Revenue Decline

Facing what it called "a significant decline in advertising revenues" as a result of the COVID-19 pandemic, Meredith Corp. says it's implementing sweeping pay cuts across 60% of its approximately 5,000 employees, suspending quarterly dividends and withdrawing the 2020 fiscal outlook it... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-20 17:45:12 UTC ]
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Audible Charts: Michelle Obama returns to the top

Michelle Obama's Becoming (Penguin) was Audible's most downloaded audiobook for the week ending 12th April, with the self-narrated autobiography continuing on from its success across 2018 and 2019. Continue reading at The Bookseller

[ The Bookseller | 2020-04-16 04:23:02 UTC ]
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February Bookstore Sales Had Slight Gain

Bookstore sales ended a long monthly losing streak by posting a 0.8% sales increase in February over February 2019, but numbers are certain to fall again in March, when the impact of the new coronavirus on sales is reflected. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-15 04:00:00 UTC ]
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Paulette Jiles returns to the Civil War era with the romantic western ‘Simon and the Fiddler’

The novel is sweeter than Jiles’s previous work but no less attentive to the texture of the American Southwest. Continue reading at The Washington Post

[ The Washington Post | 2020-04-14 15:57:54 UTC ]
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Braybrooke and Slight promoted at Scribe UK

Two promotions are to take effect at Scribe UK as editor-at-large Philip Gwyn Jones steps down next month to take up the role of Picador publisher. Sarah Braybrooke is set to become publisher and managing director, while Molly Slight will be editorial director. Continue reading at The Bookseller

[ The Bookseller | 2020-04-09 05:27:30 UTC ]
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PRH UK Starts Furloughs

Penguin Random House UK is the latest U.K. publisher to take cost out of the business in the face of the Covid-19 pandemic. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-08 04:00:00 UTC ]
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A newly discovered portrait of Mary Pearson reminds us that the Austens were total jerks about her.

Long before Tinder, there was Jane Austen, warning your dates and their families that you looked nothing like your picture: in this instance, her subject was Mary Pearson, a portrait of whom has recently been discovered and acquired by Jane Austen’s House museum. Pearson, who likely inspired... Continue reading at Literrary Hub

[ Literrary Hub | 2020-04-07 15:55:45 UTC ]
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PRH UK furloughs staff for 'long-term health' of company

Penguin Random House UK has revealed it is furloughing "some" of its staff across the business, extending to staffers in its London office. Continue reading at The Bookseller

[ The Bookseller | 2020-04-06 23:18:38 UTC ]
More news stories like this | News stories tagged with: #long-term health #penguin random house


Bertelsmann Now Owns 100% of PRH

Bertelsmann has completed the acquisition of Pearson's remaining 25% stake in Penguin Random House, making it the sole owner of the world's largest trade publisher. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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Independent and Profitable, Digital Trends Aims to Redefine Tech Media

Asked whether, back in 2006, he could have possibly envisioned that the tech review blog he co-founded, using rented office space above an Oregon furniture store, would one day grow into a profitable digital media enterprise spanning three offices on two coasts and attracting talent from the... Continue reading at Folio Magazine

[ Folio Magazine | 2020-03-31 17:01:10 UTC ]
More news stories like this | News stories tagged with: #sponsorship opportunities #significant portion #major shift #united nations #digital media